Hi All,Was recently having trouble with a tenant and noticed that rent has consistently been paid late and in increments. Reached out to the property manager to see if the tenant had vocalized financial hardships, if ...
Hello all, We are purchasing a 12 unit property. Each unit is about $100 under market. Also, the seller allows pets but charges no fees at all. This has turned the place into a "pet motel" (some having 4 pets in a 2 b...
I am wanting to enter the REI world but will not have time or skills to self manage. Looking for a property manager and think I have found one but wanted to make sure his fees are in line with the norm:9% of all rent ...
I got this message from my PM today:
"The resident in unit 3 has not paid his monthly rent and owes $50 for last month. I just spoke with him on the phone and he said that a couple years back someone had used his so...
Hi Everyone, I need some advice on structuring the LLC's and cost benefits. I'm a California resident planning to live here for at least the next 10 years. I currently own two properties in Indianapolis approx 50k ea...
While looking into out of state investing, I've noticed two types of "turnkey" companies. One presents fully rehabbed properties ready to rent and others find you a property and use your money to finance the rehab. Ob...
I have $340K left on my rental mortgage and I'm refinancing it now.Got 2 options:1). 30 years fixed at 3.70% or $1,565 monthly paymentOR2). 10 years interest only at 3.65% or $1,030 monthly payment.I have no W2, so re...
I was approached by a well know flipper in my area. He is only looking for 15K. Here are the details, he is looking for 3 people to lend him 15k. He needs 45k to flip this property. after the property is complete he ...
I've been investing in multifamily for 2 years now. I'm up to 40 units. I operate my apartment buildings as mid-term rentals.It's been a nightmare.Returns are amazing but it's a full-time job. Tenants expect hotel-lev...
Hi BP community,Here still trying to pick your brains. I am in the beginning stages of multifamily real estate. Please share with me what you wish you knew prior to buying your first multi family. I am looking at buyi...